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NPC Corp. sells washing machines that carry a three year warranty against defects. Based on the company experience, warranty cost are estimated at 60 per
NPC Corp. sells washing machines that carry a three year warranty against defects. Based on the company experience, warranty cost are estimated at 60 per machine. During the year, the company sold 48,000 washing machines and paid actual warranty cost of 1,340,000. What is the balance for provision on warranties as of December 31, 2021?
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